With a capital gain of 0.66% for the last 12 months, Rivervale, 6103 has performed for property investments than its average annual 1.00% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Rivervale comes in at number 277th in WA.
Rivervale, 6103 is offering WA ‘s 253th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this WA.
Often selling an investment property can take time, and in Rivervale the average time real estate has been on the market is 50.2603 days.
Rivervale, 6103’s gross rental yield is 3.92%
Over the last year, property investments in Rivervale, 6103 have given investors a capital gain of -4.13%. This compares favourably with the -7.26% for WA as a whole.
Comparing Rivervale,6103 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Rivervale is giving property investors an average Vendor Discount of around -10.83%. This puts suburb at number 12th in WA when ranking the most discounted suburbs.
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Over the last year, property investments in Rivervale, 6103 have given investors a capital gain of 10.89%. This compares very favourably with the 4.41% for WA as a whole.
The five-year average increase in median property values for Rivervale,6103 has given property investors a potential capital gain of 12.22% across each of those five years.
Rivervale, 6103 is offering WA ‘s 250th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
The WA suburb of Rivervale, 6103 is in the Belmont local government area.
Rivervale’s proximity to the CBD and to the airport is the major selling point of the suburb. FIFO workers are attracted to the area due to this location and the relatively low price it demands in comparison to other suburbs in the same proximity to the city. Development is poised for the eastern gateway of the CBD in the suburb of Burswood which neighbours Rivervale. This will create greater amenities in the area which should reflect positively on capital values.
Most sought-after properties:
Older aged houses on full block properties with development potential.
Most common properties:
To the north of Great Eastern Highway apartments dominate the area, however to the south a veritable mix of older 1950/60/70s houses on full blocks and recently developed townhouses and villas are common.
The suburb is located on the Swan River. The amenities in the suburbs surrounding Rivervale include Belmont Forum and the Burswood Entertainment Zone. The property has good access through Great Eastern Highway and Orrong Road.
Local industry and business:
The Belmont commercial/industrial zone is located at the north of the suburb.
Zoning to a residential density that facilitates development recently got put in place which is creating gentrification of the area. The Crown Complex neighbouring the south of the suburb has been upgraded and has future upgrades panned.
The top end of Rivervale around Newey Street. They are the closest to the train and other amenities. As well as being away from state housing this is prevalent in the area.
The train is a short walk from the very north-western portion of the suburb. Buses run frequently up Great Eastern Highway and along Alexander Rd and Kooyong Rd.
Great Eastern Highway and Orrong Rd are the main roads which link the suburb to the City Centre and to the airport.